RENTING BUYING? TO

[Pages:1]IS THIS THE YEAR YOU SWITCH FROM

RENTING TO BUYING?

WITH RENTS ON THE RISE & HOME INVENTORY HIGH, THIS COULD BE THE PERFECT TIME FOR YOU TO BUY. HERE'S WHAT YOU NEED TO CONSIDER FIRST

ADVANTAGES OF Buying

? Ample inventory of new and

? When you buy a house, you will know that

existing homes means more choices the mortgage rate for the next 5 to 30 years

and competitive home prices for is going to be the same every month. Rent

potential home buyers.

may continue to increase each year.

?Interest rates are generally low right now, making it a great time to buy.

?With each payment, you will build equity and increase the amount of total home ownership.

You should consider buying if

? There may be down payment programs available in your area that can help you purchase your first home.

? You want to build wealth. Investing into real estate is the fastest way to add zeros to the end of your net worth.

?You want to settle down, build community and know you will be in the same city or town for at least 2 years.

? You want to invest your income into property that will hopefully provide you with a payoff should you decide to sell in the future.

You should keep renting if

?You need flexibility and don't want to commit to staying in the same location for the foreseeable future.

?You have limited income or are unsure about your current job. Renting allows you the flexibility to downsize your living space.

If you are thinking about buying a home, reach out to a Realtor? to get started.

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